2414 W 85th St - Apartments FOR SALE


Inglewood, CA 90305- Morningside Park
$1,350,000 USD
310-956-2291
2414 W 85th St, Inglewood, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/16
null | 3.81% Cap Rate

2414 W 85th St
Inglewood, CA 90305
Morningside Park


HIGHLIGHTS

  • Immediate Value-Add Opportunity – One two-bedroom unit will be delivered vacant at the close of escrow.
  • Major Capital Improvements Completed - Central AC/Heat, Triple Pane Windows, SB 721 Compliant.
  • Charming Character Property – Originally built in 1947, the property offers timeless curb appeal with an attractive brick façade & large bay windows.
  • Five Vacant Detached Garages – All five garages will be delivered vacant at closing, creating additional revenue opportunities.
  • Prime Residential Inglewood Location – Located in one of Inglewood's most desirable residential neighborhoods just east of SoFi Stadium!

OVERVIEW

John Katnik of BRC Advisors is pleased to present the exclusive offering of 2414 W 85th St, a charming value-add apartment community located in one of Inglewood's most desirable residential neighborhoods. This asset represents a rare opportunity to acquire a well-maintained 5-unit apartment building with significant rental upside just east of SoFi Stadium and the Hollywood Park development. Originally constructed in 1947, the property consists of approximately 3,866 rentable square feet situated on a 6,902 square foot lot. The building features timeless architectural character, highlighted by its attractive brick façade, large bay windows, and charming curb appeal that distinguishes it from many competing multifamily properties in the area. Current ownership has completed numerous capital improvements throughout the property, including upgraded electrical systems, newer triple pane windows, central heating and air conditioning in every unit, individual water heaters, and compliance with California's SB 721 balcony inspection requirements. The property is individually metered for gas and electricity, minimizing owner utility expenses. The property consists of five units, including two singles, one one-bedroom unit, and two two-bedroom units. One of the two-bedroom units will be delivered vacant at the close of escrow, providing an investor with an immediate opportunity to renovate and lease the unit at market rent. Additionally, all five detached garages located off the alley will be delivered vacant at closing, offering additional income potential through garage rentals or ADU potential (Buyer to Verify). The asset currently operates at a 3.81% cap rate with substantial upside to a projected 7.18% cap rate through the implementation of market rents. Positioned in one of Southern California's most dynamic rental markets, 2414 W 85th St offers investors stable in-place income, exceptional value-add potential, and long-term appreciation in one of Inglewood's strongest residential neighborhoods.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

5

PRICE/UNIT

$270,000

CAP RATE

3.81%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charming 5 Unit on a Quiet Area of Inglewood!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,902 SF

ZONING

INR3YY

APN/PARCEL ID

4010-035-006

ASK ABOUT THIS PROPERTY

John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.